1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fiesta28 [93]
3 years ago
13

purchased a depreciable asset for $604000 on January 1, 2018. The estimated salvage value is $64000, and the estimated useful li

fe is 9 years. The straight-line method is used for depreciation. In 2021, Sheffield changed its estimates to a total useful life of 5 years with a salvage value of $81000. What is 2021 depreciation expense?
Business
1 answer:
Mazyrski [523]3 years ago
4 0

Answer:

$171,500

Explanation:

The computation of the depreciation expense for the year 2021 is shown below:

For accumulated depreciation

= ($604,000 - $64,000) ×  3 years ÷ 9 years

= $180,000

Now the depreciation expense for the year 2021 is

= ($604,000 - $180,000 - $81,000) ÷ ( 5 years - 3 years)

= $171,500

Hence, the depreciation expense for the year 2021 is $171,500

You might be interested in
What actions can people take to reduce hunger in local and global settings? Explain in details pls
aniked [119]

Answer:

Kindly check explanation

Explanation:

Hunger often stems from poverty, Famine, inflation, war and so on. However, factors which often has a direct impact on food and coukd lead to hunger include poverty and Famine. To reduce or forestall this problem on a local and global scale, necessary steps which should be taken are those which tends to address the issue of food security. Which includes the empowerment of farmers and good funding and monitoring of the agricultural sector. Through this food cultivation could be done on a multi dimensional scale by providing support in terms of machinery, low interest loans in otter to enable farmers and other related stakeholders get access to the needs d capital for the development of their agricultural business. Also, good road network for easy transportation of farm produce. Alternative methods of watering such as irrigation farming should be upgraded as this could prove vital during periods of Rainfall shortage. The distribition of foods including adequate regularozation of prices is also key in other to prevent artificial inflation or scarcity in a bid to accrue higher profit.

6 0
3 years ago
As use of the Internet took off, car manufacturers were tempted to sell directly to consumers, but decided instead to continue t
Nat2105 [25]

Answer:

The correct answer is letter "C": B2B; B2C.

Explanation:

A Business-to-Business (B2B) approach implies companies dealing between them. Goods are provided from manufacturers to retailers for the commercialization of the product. The Business-to-Customers (B2C) approach, instead, takes place when companies directly offer the product to the final user involving an investment of the firm in customer service.

7 0
3 years ago
Scott invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it
Aleks [24]

Answer:

Scott's investment is in his own property and not in a common enterprise

Explanation:

From the question, we are informed about Scott who invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. In this case , it is not a security subject to federal regulation because Scott's investment is in his own property and not in a common enterprise. Securities regulation is a law in court like U S that protect transaction as well as other dealing involving security, when a company fully comply with the security regulation, litigation can be avoided by the business with private party as well as security commissioners

3 0
3 years ago
In an e-commerce setting, what group of people can help you gain a following
kumpel [21]

Answer:

B. Influencers

Explanation:

E-commerce is the act of conducting business, whether it is the buying or selling of goods and services electronically or by use of the internet. The invention of new technology has brought about new and easier ways of conducting business. This means that instead of going through the time-consuming process of looking for a shop or store to purchase a good or service, one with the help of a phone or a computer that is internet enabled can simply access an online platform where the goods are being sold and purchase the good that will be delivered to a place of there choosing. This is easier.

In an E-commerce setting, one can also want to market there product to reach a broader audience quickly. There are different methods one can utilize to achieve this, including using a management process team that will ensure that all the resources including the human resources are utilized effectively to achieve set organizational goals. The advertisement can also be tailored to attract specific audiences that have a higher chance of becoming customers, this are referred to as target audience. Nevertheless, a creative process teams can also be used to ensure that the analytical process of developing a good or service is done in such a manner that ensures customer satisfaction. Finally, influencers can also be used. Influencers are individuals that can alter the opinion of others about a service in their area of expertise. This may be due to many reasons like; they could be respected experts in that particular field or they could command a huge following in social media.

In our case, influencers would be the best option to use for a broader audience quickly since they already have a following of their own.

6 0
3 years ago
Bear Tracks, Inc., has current assets of $2,350, net fixed assets of $11,100, current liabilities of $1,440, and long-term debt
OleMash [197]

Answer:

Owners Equity is $7,850

Net Working Capital is $910

Explanation:

Total Assets = Total Liabilities + Owners Equity

($2,350 + $11,100) = ($1,440 + $4,160) + Owners Equity

($13,450) = ($5,600) + Owners Equity

$13,450 - $5,600 = Owners Equity

$7,850 = Owners Equity

Net working capital is calculated as current assets - current liabilities

$2,350 - $1,440 = $910.

3 0
4 years ago
Other questions:
  • In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $22,000 and ending
    5·1 answer
  • Lopez Corporation incurred the following costs while manufacturing its product.Materials used in product $129,600 Advertising ex
    15·1 answer
  • Booker Petroleum Refiners (BPR) has an issue of 5-year, 9% annual coupon bonds outstanding. The bonds, which were originally iss
    12·1 answer
  • In a proceeds transaction: I. a customer directs that a position be sold; and the funds generated from the sale be used to buy a
    13·1 answer
  • This is not homework related but how do you add an picture to your account.
    12·2 answers
  • Margaret was convinced to enroll in a private, for-profit college to learn how to be a psychologist's assistant. She borrowed $2
    15·1 answer
  • What are two ideas or tips about time management
    15·2 answers
  • The following balance sheet for the Hubbard Corporation was prepared by the company:
    10·1 answer
  • True or False: An individual investor is more likely to engage in foreign direct investment than a corporation. True False
    9·1 answer
  • Why is it important to maintain network relationships, even after you have found a job?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!